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Lower Retirement Age to 60 to Safely Reopen Schools and Restart the US Economy

Laurence Jarvik

Posted on July 14, 2020 14:50

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As controversy swirls around the Trump Administration's push to reopen schools this Fall, and restart the economy, there is one possible solution which might garner bipartisan support.

Image by Andrea Hanks 

 

As controversy swirls around the Trump Administration's push to reopen schools this Fall, and restart the economy, there is one possible solution which might garner bipartisan support.

Coronavirus risk is age-related. Young people suffer less severe symptoms than older ones. Basically, age 60 seems to be the safest cutoff point for risk assessment.Therefore, an age-related strategy to fight Coronavirus has the best chance of success.

If the Trump Administration were to lower the retirement age in the United States to 60, it should enable those most at-risk to avoid potential coronavirus exposure at work, while covering any medical costs should they become infected.

Currently, although Social Security is available at age 62,  Medicare starts at age 65, so those 60-65 must work to have health care coverage provided by their employers. However, the risks for 60+ workers are more serious than for younger ones.

Therefore making Social Security and Medicare coverage available at age 60 as a temporary measure during the Coronavirus health emergency would solve this age-related problem by protecting older workers from the risks of exposure.

It could then free business, education, retail and the restaurant sector to get back to work as soon as possible.

In addition, it might provide a basis for bipartisan legislation, since expansion of Medicare to a new constituency would be a step in the direction the Democratic platform promise of "Medicare for All."

And it should benefit the Trump Administration and GOP by making it easier to restart the economy, and perhaps also attract political support from those aged 60-65 who experienced a benefit from the new policy. Thus, it presents a true "win-win" opportunity for both Democrats and Republicans.

In addition, expansion of Medicare and retirement benefits would be less likely to foster the type of disgraceful cronyism and corruption seen in trillion-dollar Coronavirus bailout packages recently passed by Congress...because there would be no favoritism in an age-related benefit available to all who qualify.

Should a vaccine or effective treatment for Coronavirus be discovered, the retirement age could be moved upward once again once the crisis had passed. Those over 60 could be protected, while those under 60 would be free to resume normal life.

I'd suggest the Trump Administration try to introduce bipartisan legislation to reduce the retirement age to 60 as soon as possible--ideally instead of another omnibus bailout bill, but if not possible, then as part of such an effort. If Congress refuses to pass such a bill, then President Trump could issue an executive order to do so, under his authority to handle National Emergencies.

No school, business, or religious institution would have an excuse for staying closed, once those at greatest risk had been protected by expansion of Social Security and Medicare to those aged 60 and over.

Such a solution would end the Coronavirus Blame Game. As President Trump likes to ask:

"What have you got to lose?"

Laurence Jarvik

Posted on July 14, 2020 14:50

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Source: FOX News
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At least two Democratic Party governors said Thursday they’ll delay reopening schools for the fall semester if they decide...

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